Let's see... When someone enters college, they have no credit score. When they graduate without a job, and a mountain of debit, they wind up with a poor credit score.

WSJ writes an article suggesting that the tail has wagged the dog? Poor credit is not driving the rise in student debt. Rather, the existence, and subsequent rise of student debt, drives the student's poor credit score.

Why do we have free phones, free food, government paid retirement, free cable tv, free healthcare through medicaid, yet, "big education" goes unchecked and is tearing down people's lives...before they even really get started? Could it be the public education unions? Could it be the support of the liberal agenda? Wow...what a cost we're paying for that!

12:52 pm February 18, 2014

Remember... wrote:

Don't leave money on the table...Michelle Obummer

1:23 pm February 18, 2014

Bill Kennedy wrote:

The government will generously loan you $100K at low interest to get your technical degree at for profit Fly-By-Night U; then they will generously give away your potential job to a foreign worker under the H1-B program.

All the wise guys get paid, and the sucker winds up holding the bag.

1:27 pm February 18, 2014

Perhaps wrote:

Could it be that colleges have learned from the trade schools? The technique of finding warm bodies who qualify for federal loans, leading those bodies to believe that they might get a high paying job with their diploma, then admitting and assisting those bodies to borrow up to their limit to attend said college. After graduation (or dropping out), the warm body cannot repay his/her loans. Money is not paid back. The trade schools get prosecuted for their practice.

1:54 pm February 18, 2014

C Jones wrote:

Government loans to those with poor credit...seen that movie...poor reviews to follow.

2:02 pm February 18, 2014

Dave wrote:

Of course they are making these loans to people with poor credit. The student loan program has been taken over by the federal government. Is there anything that the federal government can't screw up?

2:24 pm February 18, 2014

Another Taxpayer Funded Bailout... wrote:

...in the making.

5:24 pm February 18, 2014

ObamaMedia wrote:

Credit scores are racist.

5:48 pm February 18, 2014

Tom wrote:

The government is doing a disservice to many college bound Americans. Encouraging them to incur a mountain of debt - to secure a degree that in some cases leaves them unemployable. We need more skilled labor - oil field welders can earn $40+/hour and work as many hours as they want.

8:22 pm February 18, 2014

David Lenihan wrote:

Let me guess. People with low credit scores are racking up student debt that they have zero intention of repaying because.....well.....because.

8:46 pm February 18, 2014

Hopsluvr wrote:

Uhhhhh... DUH!

2:42 am February 19, 2014

Anonymous wrote:

Because people with good credit scores are not financial idiotas and wouldn't touch this crap with a ten foot stick. Remember kids, college loans ruin lives, and college PLUS loans ruin your parents' lives. Study on your own or go to a community college, but don't go to schools where you need to borrow to attend it's not worth it.

3:33 pm April 23, 2014

thor wrote:

Here's the real problem it is the For Profit Institutions like Phoenix and ITT technical that charge enormous rates just to satisfy their Board of Director's pockets. Yet they are the first to criticize if Congress or the President wants to overhaul such institutions and get by with it, due to high powered attorneys and lobbyist. Until such institutions are reigned in or better yet required to do the same as regular colleges the spinning wheel will continue. They do pry on poor credit scores and do have these secret special programs like ITT temporary Credit that holds a student in place. Half the time you have no idea what your applying for. Why because they don't tell you period regardless what the law states. I have heard seen it and know of people that have gone through it. ITT Bachelor's program for criminal justice will cost you almost 90,000 for four years whereas, a regular college might be 70,000 dollars. Give or take per se.

6:18 pm April 28, 2014

nj wrote:

Wow. Yes I have debt; yes it might not have been the best choice.
My other choice, stay in my small town end up pregnant with 2 children and divorced…Or I could of went to some small school and taken 15 years to finish while working at some fast food joint.
Yes I’ll have loans for 20 years. I’m doing something I enjoy. My credit score is not 700. But I pay my mound of bills every month. And one day that alright credit score will be better. I CANT expect a 100,000 job and an affordable home in this economy. Maybe when the baby boomers are dead – I’ll be able to afford Florida.

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